Mortgage rate soars to 7.22% after strong economic data
The average rate on the popular 30-year fixed mortgage hit 7.22%, according to Mortgage News Daily.
Morgan Stanley raises Microsoft stock outlook above $3 trillion because of A.I.
Morgan Stanley raised its price target on Microsoft shares to a Street high $415, implying the company’s market cap will exceed $3 trillion.
Job openings fall by half a million
The closely watched JOLTS report showed that listings fell to 9.82 million, down 496,000 from April.
Threads, Meta’s Twitter competitor, is not yet available in the EU due to regulatory concerns
Mosseri cited “complexities with complying with some of the laws coming into effect next year.”
NHTSA presses Tesla for more records in Autopilot safety probe
US auto safety regulators are demanding more records from Tesla as part of an ongoing investigation into Autopilot safety.
A.I. could mean a ‘decade of health care is upon us.’ Here are some stock picks
Investors hoping to capture more upside from artificial intelligence could turn to a sector that’s underperformed this year: Health care.
Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
Volkswagen will deploy about 10 of its ID Buzz electric vans equipped with autonomous-driving systems developed with Mobileye by the end of 2023.
Ford’s U.S. sales jump 9.9% on big gains for its F-Series trucks
Ford’s overall truck sales, a key driver of the company’s profits, were up 23% in the first half of the year from the same period in 2022.
DeSantis-Disney culture war in Florida is not hurting business yet
Florida Gov. Ron DeSantis has been feuding with his state’s largest employer, Disney, for more than a year, but there’s been little effect on business so far.
Trump aide Walt Nauta pleads not guilty in classified documents case
Nauta’s arraignment comes weeks after Trump pleaded not guilty to 37 criminal counts related to his alleged mishandling of classified documents.
